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Live Sessions Schedule
Trading Economic Numbers
Expert: Adam Rosen
Start: Mon, Jul 7, 13:00 GMT
Type of Session: Webinar
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Jul 7, 16:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Jul 7, 13:00 GMT | Trading Economic Numbers | Adam Rosen | WBN |  |
| Mon, Jul 7, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN |  |
| Mon, Jul 7, 15:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets  | Mark Whistler | WBN | |
| Mon, Jul 7, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN | |
Current Session: Europe − U.S.
GBP/USD
Daily Trading Forecast − Greenback Bobs Up by Swiss e Trade AG
The GBP / USD experienced another bout of weakness in early European trading. Currently at 1.9690, the pair is running into its broader support zone between current prices and a lower end at 1.9600. We do not expect this support zone to be broken today. Right now, because of the oversold situation, a correction move upwards is likely before a renewed bearish mood sets in again.
- The Advisor Weblog by Valeria Bednarik, Analyst at MolFX − Management
- The Forex Game: Stop Losing Dollars... Win Duellars!
- Longer−term Support and Resistance Trading: Setups and Rules Rob Booker, Founder and Host TraderRadio.net
- Check out how pairs moved: Live Currency Rates & Charts
Other Topics for this Session:
EUR/USD Daily Outlook − EUR/USD Daily Outlook by AceTrader
Forex Economic Analysis − Forex Technical Analysis on Majors by www.deltastock.com
Banks Analysis
Today's Technical Trading Points by Danske Bank A/S
Weekly Outlook
Chart of the Week − Majors by FXstreet.com
Currency Performance
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
FX Analysts' Comments
GBP/USD update by Valeria Bednarik, Analyst at MolFX − Management
Still continuing with the harmonic patterns by Sunil Mangwani, CEO at FibForex123
[ Full Story ]Majors at a Glance
- EUR/USD
- Moves down below second support level 1.5622
07/07/2008 10:09 GMT - GBP/USD
- Moves down below third support level 1.9741
07/07/2008 10:11 GMT - USD/CHF
- Moves up above third resistant level 1.0322
07/07/2008 10:12 GMT - USD/JPY
- Moves up above 107.50 , above third resistant level 107.18
07/07/2008 10:16 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading, Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
US FED'S BERNANKE SPEECH
| Date (GMT) | Event | Cons. | Previous | |
| Jul 8 | 12:30 | Fed's Bernanke Speech | - | - |
Weekly Review and Outlook − EUR/USD Pullback on Trichet, Fedspeaks ahead by ActionForex.com
The economic calendar of US is rather light this week. Nevertheless, markets will be busy listening to speeches from a number of Fed officials including Yellen on Monday and Thursday, Bernanke and Lacker on Tuesday.
[ Full Story ]Weekly Forex Outlook - ECB Trichet puts the brakes on EURO longs. US FED Bernanke's turn? by Easy Forex
Top Market Movers Review
Germany INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 7 | 10:00 | Industrial Production s.a. (MoM) | -2.4% | 0.2% | -0.2% |
| Jul 7 | 10:00 | Industrial Production s.a. w.d.a. (YoY) | 0.8% | 3.2% | 5.0% |
DATA SNAP: German May Indus Output −2.4% MM, +0.8% YY (Dow Jones)
German industrial production fell 2.4% in May in seasonally adjusted terms, bucking market expectations for a rise, data from the Federal Economics Ministry showed Monday.
[ Full Story ]- Read the Industrial Production data at German Statistics
- UPDATE: German May Indus Output −2.4% MM, +0.8% YY (Dow Jones)
- German May industrial output down 2.4 pct from April; consensus up 0.5 pct (Thomson Financial News)
- German industrial production slumps in May (FXstreet.com)
Friday Notes - Industrial production: Dynamic in industry remains solid so far by HVB Group
UK INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 7 | 08:30 | Manufacturing Production (YoY) | -0.8% | -0.1% | 0.0% |
| Jul 7 | 08:30 | Industrial Production (YoY) | -1.6% | -0.7% | 0.1% |
| Jul 7 | 08:30 | Manufacturing Production (MoM) | -0.5% | 0.0% | 0.0% |
| Jul 7 | 08:30 | Industrial Production (MoM) | -0.8% | -0.1% | 0.1% |
DATA SNAP: UK May Indus,Mfg Output Much Weaker Than Expected (Dow Jones)
U.K. manufacturing output and industrial production slumped in May amid broad−based falls across the sector, adding to pressure on the Bank of England to cut interest rates again this year.
[ Full Story ]- Read the Index of Production data at National Statistics
- Forex − Pound drops on slump in UK industrial, manufacturing output data UPDATE (Thomson Financial News)
- UPDATE: UK May Indus,Mfg Output Much Weaker Than Expected (Dow Jones)
- Forex − Pound drops after slump in UK industrial, manufacturing output data (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 7 | 00:00 | G8 Meeting | ||||
| 08:30 | UK | Manufacturing Production (MoM) (May) | -0.5% | 0.0% | 0.0% |
|
| 08:30 | UK | Manufacturing Production (YoY) (Jun) | -0.8% | -0.1% | 0.0% |
|
| 08:30 | EMU | Sentix Investor Confidence (Jun) | -9.3 | 3.5 | ||
| 10:00 | DE | Industrial Production s.a. (MoM) (May) | -2.4% | 0.2% | -0.2% |
|
| 10:00 | DE | Industrial Production s.a. w.d.a. (YoY) (May) | 0.8% | 3.2% | 5.0% |
|
| 12:30 | CA | Building Permits (MoM) (May) | -6.5% | 14.5% | ||
| 14:00 | CA | Bank of Canada Business Outlook Survey (2Q) | ||||
| 22:00 | NZ | NZIER Business Confidence (2Q) | -64 | |||
| 23:01 | UK | NIESR GDP Estimate (Jun) | 0.2% | 0.2% | ||